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Traditional Chinese Medicine Hospitals in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Traditional Chinese Medicine Hospitals Market Research Report | Mar 2015

IBISWorld’s Traditional Chinese Medicine Hospitals market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 10-15
18.0%
Annual Growth 15-20
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Profit
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Employment
788,607
Businesses
3,023
Industry Analysis & Industry Trends

Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2015, revenue for this industry is expected to reach $46.7 billion, up 14.0% from 2014 and representing annualized growth of 18.0% from 2010.

For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is estimated to rise from 0.9% in 2007 to 4.5% in 2015. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,023 traditional Chinese medicine hospitals in China, each containing 236 beds on average.... purchase to read more

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The government has set up high entry barriers for this sector with its numerous policies, regulations and licensing processes. TCM hospitals must comply with the “Traditional Chinese Medicine Institution Setting Standard” by the State Council and with local health planning.

Wholly foreign-owned medical institutions are forbidden in China. However, start-up capital is large for the establishment of new hospitals.

Highly skilled doctors and hospital staff generally prefer working in government hospitals and so acquiring skilled staff can be difficult, another barrier to entry.

Patients often prefer hospitals with well-established reputations and experienced doctors. Compared with these well-known hospitals, new hospitals are less competitive... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Traditional Chinese Medicine Hospitals Industry?

The Traditional Chinese Medicine Hospital industry in China comprises licensed traditional Chinese medicine general hospitals and traditional Chinese medicine specialized hospitals. Integrated traditional Chinese and Western medicine hospitals and ethnic minority hospitals are not included in this industry.

Industry Products
Outpatient servicesInpatient servicesMedicine sales
 
Industry Activities
Diagnostics and examination servicesMedicine boiling servicesAcupuncture and moxibustion servicesManipulation services Scrape therapy servicesOther hospital services


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